Investment opportunities still abound in private equity: ING PEAL

private-equity/Software/financial-markets/

3 September 2008
| By Benjamin Levy |

ING Private Equity Access (PEAL) claims there are still investment opportunities in the private equity market, despite concerns over liquidity.

A series of asset sales in its underlying investment portfolios, and the addition of 21 new investments, has maintained a strong flow of dividends to its shareholders.

Managing director of PEAL, Jon Schahinger, said: “We are very pleased with these results, especially given the instability of financial markets.”

PEAL has added 21 new investments to its underlying portfolios since last year, worth $20 million in commitments, lifting its total commitments to $126 million. It has also executed eight exits, resulting in a 41 per cent uplift on their carrying values.

“What is pleasing is the results weren’t skewed to a particular industry but covered a range of sectors including software, retail fashion, engineering, food staples, and the like,” Schahinger said.

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